Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Climate Adaptation at Home: How Irrigreen Makes Conservation Effortless 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
Trump Threatens Aircraft Tariffs as U.S.-Canada Jet Certification Dispute Escalates 
NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Toyota Retains Global Auto Sales Crown in 2025 With Record 11.3 Million Vehicles Sold 
CLEVELAND, May 25, 2017 -- Lincoln Electric Holdings, Inc. (Nasdaq:LECO) today announced that it has promoted Steven B. Hedlund to Executive Vice President and President of the International Welding segment. In this role, Hedlund will lead the European (Europe, Middle East, Africa and Russia) and Asia Pacific regions’ day-to-day operations and oversee the implementation of all strategic, operational and commercial initiatives. He will continue to serve as a member of the management committee. Hedlund succeeds Mathias Hallmann, who has decided to leave the Company to pursue other interests.
Hedlund most recently served as Senior Vice President and President of Global Automation. He joined the Company in 2008 as Vice President, Strategy and Business Development where he led strategic planning and acquisitions. Previously, he was with Fortune Brands, Inc. and at Booz Allen & Hamilton. He earned a bachelor’s degree and an MBA from Dartmouth College.
“I am pleased to announce Steve’s promotion to this role,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. “Steve’s extensive experience, process-driven approach and achievements in advancing our automation strategy will help drive the International Welding segment’s next phase of growth and development with Air Liquide Welding.”
About Lincoln Electric
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 47 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries. For more information about Lincoln Electric and its products and services, visit the Company’s website at www.lincolnelectric.com.
Contact Amanda Butler Director, Investor Relations Tel: 216.383.2534 Email: [email protected]
